Fayette, AL

Population

Fayette has a population of 4,523 people,
according to the Census data for 2016. Compared to 2010, this number has
decreased by 96 people (2.1%), so we
can confidently say that the dynamics of
the population
growth are negative. If you compare the rate of population growth with the nearest cities, such
as Brent or Adamsville, you will find that these cities
have a
population decline of 49 and a decline of 68 people, respectively (-1%
and -1.5% correspondingly)

Race and Ethnicity

Median Household Income

The Fayette median household income is $30,646 (according to the US Census Bureau records for 2016 ).
A household income is one of the easiest to understand statistical indicators that is used to evaluate the economy of the city.
Simply put, it is calculated by summarizing incomes of all adult members of the household.
In comparison with the data for year 2010, this figure has increased by $2725 (9.8%).
Compared with the neighboring cities, the median household income in Fayette is lower than in Gordo ($30,781),
but greater than in Aberdeen ($30,357).
The median household income in Alabama is $43,623 (42.3% higher than in Fayette)

Median Property Value

The median property value in Fayette is $75,100 (based on US Census Bureau data
for 2016).
This means that half of the houses in the city are more expensive than this figure, and half of other houses are less.
In 2010, the property value was estimated at $90,500 (making a decrease of $15,400 or 17% in 6 years).
Here is what the housing market looks like in nearby cities: median property price in Marietta is
$75,300, in Midfield — $74,900.
Median property value in Alabama is $125,500

Poverty Rate

A poverty rate is one of the key economic indicators. It shows the proportion of the population whose income
is less than the poverty line in the area. The lower the number is, the more prosperous the life of society is.
The current poverty rate in Fayette is 21.7%. In the neighboring cities,
this figure is as follows: in Hackleburg, 21.8% of the
population live below the poverty line, in Fairfield — 20.9%.
The poverty rate in Alabama is 14.46%. Based on such indicators as the poverty rate, we assume that
life in Fayette is slightly worse than the average for the state.

Median Gross Rent

The median gross rent in Fayette is $465 a month (as of 2016).
In 2010, this figure was lower — $434/mo
(-7.1%).
Please note, gross rent may include not only the rent payments, but also utility bills and some other building costs.
The median gross rent in the state of Alabama is higher at
$717 per month (again, data for 2016).
The following median gross rent was registered in the neighboring cities: renters in Hackleburg pay
$478/mo, in Brent — $440/mo.

Rent Burden

The rent burden in Fayette is 32.2% (2016).
Rent burden shows what proportion of the household income is spent on rental housing. This data is useful in estimating
the housing affordability in the city. Rent burden in Fayette is higher than in the state of Alabama,
where the rent burden is 30.5%. In neighboring cities, the situation is as follows:
rent burden is 32.5% in Jasper,
and in Hamilton — 32.1%.

Share of Renter-Occupied Housing

49.8% of housing units in Fayette are occupied by renters (2016).
A housing unit means a house, an apartment, a mobile home, a room or any other structure that is used for habitation.
In 2010, the share of renter-occupied housing units was lower — 45.4%.
It seems that now more people live in rented houses in Fayette than before.
Neighboring cities have the following shares of renter-occupied housing units: Columbus (49.9%), Gordo (48.0%).

Renter Occupied Households

There are 816 renter occupied households in Fayette (2016).
This is just a rough estimation based on Census and ESRI demographic data. Since 2015, the number of such type of households has
increased by 1% (816 households
in 2016 vs. 808 in 2015).
Nearby cities have the following renter-occupied housing unit numbers: there are 905 households in Aberdeen, 792 units in Forestdale.

Evictions

There were 6 evictions reported
in Fayette in 2016.
Here are how many evictions were made in nearby cities in 2016 : 7 evictions from housing were made in Moundville, 6 in Sumiton.
Reasons for evictions can be different-code violations, violations of the terms of the lease, etc. But often the main reason is the failure to pay the rent on time. That is why a large
number of evictions (especially when there is a tendency to increase this number) may indicate a deterioration of the economy.

Eviction Filings

The total number of eviction cases that were registered in the Fayette in 2016 is 9.01.
Please note that some addresses may have multiple eviction cases during the year. Compared to the neighboring cities, Fayette has less eviction cases than Brighton
(11.54 filings in 2016),
more eviction cases than Moulton
(8.67 filings).

Sources and Citations

This research uses data from The Eviction Lab at Princeton University, a project directed by Matthew Desmond and designed by Ashley Gromis, Lavar Edmonds, James Hendrickson, Katie
Krywokulski, Lillian Leung, and Adam Porton. The Eviction Lab is funded by the JPB, Gates, and Ford Foundations as well as the Chan Zuckerberg Initiative. More information is found at evictionlab.org

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